Tag Archives: Julius Businge

By Julius Businge Stanbic Bank Uganda Limited, Uganda’s largest commercial bank has recorded sh130bn profit after tax for the year ended December 2012 up from sh121bn a year earlier, the Bank’s financial results released on March 18 reads. The Bank’s expenditure however, increased from sh267bn for the year ended December …

By Julius Businge The Bank of Uganda has for the fourth consecutive month maintained the Central Bank Rate (CBR) at 12% in March, according to the Monetary Policy Statement issued by the bank on March 5. The Bank said inflationary pressures have remained below single digits and that meant maintaining …

By Julius Businge Uganda’s annual headline inflation has dropped to 3.4% for the year ended February 2013 down from 4.9% a year earlier, the Uganda Bureau of Statistics announced on Feb. 28. The statistics body said the fall was attributed to reductions in food prices and other components of in …

By Julius Businge The Ugandan based Twenty Third Century Systems (TTCS), has launched a cloud computing service that will benefit the small and medium enterprises (SMEs). TTCS is the pan-African IT company that provides the largest SAP cloud computing business solutions in sub Saharan Africa. While launching the solution, TTCS’s …

By Julius Businge Kalangala Infrastructure Services (KIS) is set to commence construction of the four project components say; road rehabilitation, electricity generation and construction of transmission lines, construction of the second ferry and water supply construction on Bugala Island in Kalangala district. KIS’s Managing Director John Opiro, says the $50m …

By Julius Businge Development Partners have urged the Ugandan government to improve its governance and anti-corruption efforts to spur economic growth and development. “Development Partners under the Joint Budget Support Framework broadly support the priorities set out by Government, which include infrastructure development, industrialization, enhanced agricultural productivity, human resource development …

By Julius Businge In preparation for the development and production phase, Tullow Oil has undertaken Production Training Programs for 10 talented Ugandans who will become the future experts in production operations in Uganda, the company said in a statement dated Feb.4 The ten Ugandans successfully completed courses in hydrocarbon production …

By Julius Businge The Directorate of Public Prosecutions will tomorrow (Jan. 29) launch the first ever Prosecutor’s Manual on Illicit Trade in Uganda. The launch will be held at Commonwealth Resort Munyonyo starting at 8:30 am. Observers say the manual is timely as the country is facing grave effects of …

By Julius Businge The entry of Orange Money in the mobile money business has not scared the old players, with most saying they have the “best” infrastructure to win the mobile money market. The Ugandan mobile Money market is run by MTN Uganda that pioneered the service in 2009, Airtel …

By Julius Businge The state minister for Economic Monitoring Henry Banyenzaki has said that the Kampala City Traders Association (KACITA) has no capacity to vet women below the age of 35 to go to China for business. Banyenzaki told The Independent in a telephone interview on Jan. 16 that it …